Island Home Club
- Assets
- $154.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Gloucester, ME
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 01-0096152
Organization Overview
Island Home Club is located in New Gloucester, ME. The organization was established in 1998. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Home Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Island Home Club generated $135.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $129.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION MAINTAINS THE COMMON AREA OF FAMILIES OWNING TEN COTTAGES AND THREE SMALL ISLANDS AS WELL AS MAINTENANCE OF THE COOKHOUSE FOR THE FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Walker Secr | 1 | $0 | |
Janet Cosseboom Treas | 1 | $0 | |
David Robinson Vice President | 1 | $0 | |
Russell B Macpherson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $120,761 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $14,425 |
| Total Revenue | $135,198 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,110 |
| Professional fees and other payments to independent contractors | $733 |
| Occupancy, rent, utilities, and maintenance | $21,862 |
| Printing, publications, postage, and shipping | $134 |
| Other expenses | $62,150 |
| Total expenses | $128,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $128,309 |
| Other assets | $0 |
| Total assets | $154,891 |
| Total liabilities | $0 |
| Net assets or fund balances | $154,891 |